Loan Rates

First Federal offers some of the best rates around. Plus, we'll make it easy for you to apply with our online loan application. 

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Home Loans

Up To 95% Financing

 

Rate

Fee

APR

Monthly Payment

30 Year

4.625%

1.00%

4.761%

$1,285.35

15 year

4.125%

1.00%

4.356%

$1,864.92

**29 year Construction

4.625%

2.00%

4.866%

$1,305.95

*30 Year FTHB

4.625%

0.00%

4.666%

$771.21

30 year interest rate based on 80% loan to value ratio.  Owner-occupied, single-family dwelling or second/vacation homes.  Loan amount not to exceed $453,100. Annual Percentage Rate (APR) and payment are based on a $250,000 loan. Rates and fees quoted effective 4-24-2018 and are subject to change without notice.

*First Time Homebuyer Loans - Maximum loan to value ratio is 97% of the purchase price or appraised value, whichever is less with no PMI (private mortgage insurance) required.  Annual Percentage Rate (APR) and payment are based on a $150,000.00 loan.  Rates and fees quoted subject to change without notice.

**Construction Loans - 29 year maximum term combined with an 8 month construction period wherein interest on disbursed funds is due monthly.  Loan amount not to exceed $453,100.  Annual Percentage Rate (APR) and payment are based on a $250,000 loan.  Rates and fees quoted subject to change without notice.

Jumbo Home Loan Rates

For Loan Amounts Greater Than $453,100

 

Rate

Fee

APR

Monthly Payment

30 Year

4.875%

1.00%

5.000%

$2,244.90

*30 Year

4.875%

1.00%

5.067%

$2,244.90

**30 Year

4.875%

1.00%

5.084%

$2,244.90

***29 Year Construction

4.875%

2.00%

5.102%

$2,279.29

15 year Jumbo rates available. Please contact us for details. 

Jumbo loans in the amount of $1,000,000 or more will be limited to a maximum 70% loan to value ratio.

30 year interest rate based on 80% loan to value ratio. Owner-occupied, single-family dwelling. Annual Percentage Rate (APR) and payment are based on a $453,200 loan. Rates and fees quoted effective 4-24-2018 and are subject to change without notice.

*30 year interest rate based on 90% loan to value ratio.  Requires PMI and loan amount not to exceed $625,500. Annual Percentage Rate (APR) and payment are based on a $453,200 loan.  Rates and fees quoted subject to change without notice.

**30 year interest rate based on 92% loan to value ratio. Requires PMI and loan amount not to exceed $625,500. Annual Percentage Rate (APR) and payment are based on a $453,200 loan. Rates and fees quoted subject to change without notice.

***Construction Loans - 29 year maximum term combined with an 8 month construction period wherein interest on disbursed funds is due monthly. Annual Percentage Rate (APR) and payment are based on a $453,200 loan.  Rates and fees quoted subject to change without notice. 

Manufactured Home Loan Rates

 

Rate

Fee

APR

Monthly Payment

30-year

7.000%

1.25%

7.217%

$997.95

30-year FTHB

7.000%

0.00%

7.057%

$997.95

30-year 10/65

5.750%

1.250%

5.946%

$875.36

15-year 10/65

5.250%

1.250%

5.572%

$1,205.82

15-year

6.500%

1.25%

6.842%

$1,306.66

Purchase of owner-occupied units only on real property; must be de-titled. Must be a double-wide manufactured home 20 years old or newer.  Maximum loan to value 80% or less.  30 year 10/65 & 15 year 10/65 rates apply to double-wide manufactured homes 10 years old or newer with a maximum loan to value of 65%.  APR and payment are based on a $150,000 loan. Rates and fees quoted effective 11-25-2014 and are subject to change without notice.

Home Equity Loan Rates

Primary Or Second Homes Only

Fixed Rate Loans

 

Rate

APR

LTV

Term

Fee

Monthly Payment

$20,000

5.00%

6.546%

80%

60 months

** see below

$377.42

$20,000

5.50%

6.327%

80%

120 months

** see below

$217.05

$20,000

6.00%

6.594%

80%

180 months

** see below

$168.77

$20,000

6.50%

6.985%

80%

240 months

** see below

$149.11

APR and payment are based on minimum loan amounts stated above. 

Rates include a .25% discount for automatic payment from a First Federal deposit account.  If automatic payment from a First Federal deposit account is not selected, increase quoted rate by .25%. If the automatic payment option is cancelled during the life of the loan, the rate will subsequently increase by .25%.  Rates effective 6/14/2018. 

**Loan Fee is $295 for loans less than $100,000 and $495 for loans $100,000 or more.

 

Home Equity Line Of Credit (HELOC)

Primary Or Second Homes Only

 

Rate

APR

LTV

Term

Fee

$20,000

5.500%

5.500%

80%

84/180 months

0

Rate based on Wall Street Journal Prime Rate + 1/2% with a floor of 4.50% and ceiling of 15.00%.  Payment during 7 year draw period is accrued interest, based on current used balance or $100.00 whichever is greater.  Payment during repayment period is 1/180th (15 years) of the principal balance owed at the end of draw period plus accrued interest.

The maximum loan-to-value is 80% for HELOCs in a 1st lien position or a 2nd lien position behind another First Federal loan.  The maximum combined loan-to-value for HELOCs in a 2nd position behind another financial institution is 70%.  Rate effective 06/14/2018.

Auto Loan Rates

 

Auto Loans: Model Years 2018-2016 (max LTV 100%)

Loan Term

Credit Score 740 or Above

Credit Score 700 to 739

Credit Score 660 to 699

  APR [1]  Monthly Payment [1] APR [1] Monthly Payment [1] APR [1] Monthly Payment [1] 
36 months 3.240% $437.81 3.740% $441.13 4.240% $444.46
48 months 3.690% $336.61 4.190% $339.96 4.690% $343.34
60 months 4.100% $276.93 4.600% $280.33 5.100% $283.76
72 months 4.490% $238.04 4.990% $241.50 5.490% $245.00

      

 

Auto Loans: Model Years 2015-2013 (max LTV 100%)

Loan Term

Credit Score 740 or Above

Credit Score 700 to 739

Credit Score 660 to 699

  APR [1] Monthly Payment [1] APR [1] Monthly Payment [1] APR [1] Monthly Payment [1]
36 months 3.740% $441.13 4.240% $444.46 4.740% $447.81
48 months 4.190% $339.96 4.690% $343.34 5.190% $346.73
60 months 4.600% $280.33 5.100% $283.76 5.600% $287.21

 

 

Auto Loans: Model Years 2012-2010 (max LTV 80%)

Loan Term

Credit Score 740 or Above

Credit Score 700 to 739

Credit Score 660 to 699

   APR [1] Monthly Payment [1] APR [1] Monthly Payment [1] APR [1] Monthly Payment [1]
36 months 4.240% $444.46 4.740% $447.81 5.240% $451.18
48 months 4.690% $343.34 5.190% $346.73 5.690% $350.15
60 months 5.100% $283.76 5.600% $287.21 6.100% $290.69

 

 

Auto Loans: Model Years 2009 & Older (max LTV 70%)

Loan Term

Credit Score 740 or Above

Credit Score 700 to 739

Credit Score 660 to 699

  APR [1] Monthly Payment [1] APR [1] Monthly Payment [1] APR [1] Monthly Payment [1]
36 months 5.740% $454.56 6.240% $457.96 6.740% $461.38

1.  Annual percentage rate (APR) shown includes only interest and does not contain other costs or fees and payments based on loan amount of $15,000.00.

2.  Rates include a .25% discount for automatic payment from a First Federal deposit account.  If automatic payment from a First Federal deposit account is not selected, increase quoted rate by .25%. If the automatic payment option is cancelled during the life of the loan, the rate will subsequently increase by .25%.

3.  Purchase:  Dealer transaction LTV based on Cash Sales Price (CSP) less any rebates.

     Private Party transaction LTV based on lower of low Kelley Blue Book or Cash Sales Price.

4.  Credit score obtained internally through Equifax.

5.  Vehicles with mileage over 120,000 or with restructured titles are not eligible for financing.

 

Motorcycles, ATVs, Personal Watercraft

 

Rate

APR

 LTV

Maximum Term

Fee

Monthly Payment

New

8.75%

8.893%

80%

60 months

$50

$309.56

Used

9.25%

9.479%

80%

36 months

$50

$478.74

1.  Motorcycles, ATVs, Personal Watercraft - 2012 or newer.  Rates effective 6/14/2018.

2.  Subtract .50% from rate for automatic payment from a First Federal deposit account.  If the automatic payment option is cancelled during the life of the loan, the rate will subsequently increase by .50%.

3.  APR based on loan amount of $15,000 plus loan fee. LTV based on Cash Sales Price (CSP) or wholesale value obtained from a dealer.

Information and forms are provided on this site as a courtesy and do not constitute a credit decision or a commitment to make a loan. A documented loan application acceptable to First Federal is required for an application to be considered. All programs, rates, fees, closing costs and loan terms are subject to change without notice. This is not an advertisement as defined by paragraph 226.24 of Regulation Z.

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